This is to inform you that the Board of Directors in its meeting held today i.e., 14.11.2025, which commenced at 5:00 PM and Concluded at 6: 30 PM has considered and approved the Unaudited ....
Awaiting price reaction for this filing.
The company reported a continued decline in operations with Q2 FY26 revenue from operations falling to Rs. 9.72 lacs, down about 25% from Rs. 13.01 lacs in Q2 FY25. Net loss for the quarter widened to Rs. 88.09 lacs versus Rs. 78.48 lacs a year ago, while H1 FY26 loss stood at Rs. 181.64 lacs against Rs. 160.42 lacs in H1 FY25, with negligible EPS of Rs. (0.002). The statutory auditor issued a qualified limited review report flagging 10+ serious unresolved issues including disputed Banco Efisa bank balances of Rs. 34.79 crores stuck since FY09, Rs. 61.75 crores in non-operational overseas subsidiaries, no AGM held for three straight years (FY23, FY24, FY25), unpaid listing fees to NSE and BSE, unresolved SEBI GDR penalties, and pending custodial charges to CDSL/NSDL. Both NSE and BSE have issued show-cause notices for potential delisting, and the company was advised to clear dues and compliances by February-March 2026 to avoid delisting action.
Highly negative for shareholders - the stock faces acute going-concern risk with persistent losses, negative operating cash flows, frozen bank accounts, and looming delisting risk from both exchanges. Retail investors should treat this as a high-risk, speculative name where the equity could become worthless if the delisting process advances before recoveries from disputed assets (Rs. 34.79 crores Banco Efisa balance, Rs. 220 crores Bareilly data centre loan) materialise.